Your CPA for the Sharing Economy

Category: Other

Tax deductions for delivery drivers, such as those that use Postmates, Doordash, Instacart, or others, are primarily based on vehicle operating costs. Most anyone will qualify for contracting with a delivery service company. To some, it is more appealing than having strangers occupy your vehicle, as is the case for Uber or Lyft. Depending on…

The income you earn on Fiverr is considered self-employment income. Fiverr income is taxable to the recipient. If you haven’t heard of Fiverr, it’s a website that allows its users to offer products and services starting at just $5. The choices are abundant, and many users have great things to say about the service. Fiverr…

IRS videos are available to the public free of charge to help you understand your taxes. Many people are unaware that this resource even exists. The range of videos covers everything from what to ask your accountant to understanding depreciation. You can find all videos at the following link: http://www.irsvideos.gov/ If you’re an rideshare driver…

Companies such as Uber and Lyft have started using the Form 1099-K along with the Form 1099-MISC. These forms report payments made to individuals for the year. Many people are familiar with the Form 1099-MISC that companies use to report payments to independent contractors. But a Form 1099-K could be completely foreign to them. Check…